Investment Rating - The report maintains an "Overweight" rating for the agriculture, forestry, animal husbandry, and fishery industry [1][42] Core Views - The SW agriculture, forestry, animal husbandry, and fishery industry slightly underperformed the CSI 300 index, with an increase of 1.55% from December 12 to December 25, 2025, lagging behind the index by approximately 0.43 percentage points [11][14] - All sub-sectors recorded positive returns during the same period, with notable increases in agricultural product processing (3.04%), animal health (2.95%), planting (2.28%), fishery (1.56%), breeding (0.81%), and feed (0.29%) [14][15] - The overall price-to-book (PB) ratio for the industry is approximately 2.79 times, indicating a slight recovery in valuation, which remains at a historical low level, around the 62.7 percentile since 2006 [18][24] Industry Important Data - **Pig Farming**: The average price of external three-way cross pigs increased from 11.45 CNY/kg to 11.59 CNY/kg during the reporting period. The cost of corn and soybean meal has slightly decreased, with corn priced at 2338.04 CNY/ton and soybean meal at 3102 CNY/ton as of December 25, 2025 [22][24] - **Profitability**: As of December 26, 2025, the profit for self-bred pigs was -130.11 CNY/head, and for purchased piglets, it was -162.8 CNY/head, showing a reduction in losses compared to the previous two weeks [27] - **Poultry Farming**: The average price of broiler chicks was 3.59 CNY/chick, showing a slight increase, while the average price for white feather broilers was 7.82 CNY/kg, with profitability improving to 0.89 CNY/chick [29][33] Industry Insights - The report emphasizes the potential for a rebound in pig prices as the seasonal consumption peak approaches, with a focus on the high inventory of breeding sows and the opportunities for leading pig farming companies [42][43] - In poultry farming, the report highlights the recovery in white feather broiler prices and the improvement in profitability, suggesting a positive outlook for leading poultry companies [42][43] - The report also notes growth potential in the domestic pet market and the expected increase in export volumes, recommending attention to promising domestic leaders in this sector [42][43]

每经AI快讯，湘佳股份（SZ 002982，收盘价：13.9元）12月26日晚间发布公告称，公司第五届第二十 次董事会会议于2025年12月26日以现场投票和通讯表决相结合的方式召开。会议审议了《关于变更部分 募投项目实施地点和实施主体及部分募投项目延期的议案》等文件。 2025年1至6月份，湘佳股份的营业收入构成为：养殖业占比100.0%。 截至发稿，湘佳股份市值为28亿元。 每经头条（nbdtoutiao）——对话马斯克脑机接口"一号受试者"：大脑植入芯片23个月，我正重新夺回 人生的独立 （记者 贾运可） ...

Group 1 - The aquaculture sector increased by 0.37% on December 26, with Fucheng Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] - Fucheng Co., Ltd. saw a closing price of 6.13, with a rise of 6.98% and a trading volume of 618,000 shares, amounting to a transaction value of 380 million yuan [1] Group 2 - The main funds in the aquaculture sector experienced a net outflow of 77.73 million yuan, while retail investors saw a net inflow of 41.84 million yuan [2] - The trading data indicates that Fucheng Co., Ltd. had a net inflow of 51.83 million yuan from main funds, representing 13.63% of its trading volume [3] - Other companies like Tianyu Biological and Xinfeng also showed varying levels of net inflow and outflow from different investor categories [3]

转自：期货日报 2025年豆系市场走势主要受国内大豆到港节奏、美豆产区天气及出口预期变化等因素影响。当前，美豆 因出口担忧加剧，加之南美丰产预期强化，上行动能已显不足。在此背景下，国内豆粕的进口成本支撑 随之弱化，同时供应压力依然存在，预计价格将延续弱势运行态势。 国际大豆供应宽松 国际大豆市场供应延续宽松格局。截至12月末，美豆收割工作基本完成，大豆上市压力持续释放，美豆 出口需求支撑不足。巴西大豆播种进度超九成，尽管前期部分产区遭遇干旱，但大豆总体长势良好，丰 产压力犹存。阿根廷大豆播种进度加快，虽然新作种植面积略有下调，但整体供应充足，全球大豆丰产 格局延续。 市场关注点逐步转向南美天气。世界气象组织认为，未来三个月发生弱拉尼娜现象的概率为55%。其 中，巴西南部产区可能面临干旱威胁，阿根廷大豆整个关键生长期则与拉尼娜活跃期重合，减产风险相 对较大。尽管弱拉尼娜现象本身难以扭转全球大豆供过于求的格局，但这将成为影响产量预期和市场情 绪的关键因素。 中美贸易关系进入新阶段。后续中国采购美豆的节奏与规模，将成为影响美豆出口及贸易流向的重要因 素。 2025年中国大豆进口量预计突破 1.1亿吨，创历史新高，进 ...

Group 1 - The aquaculture sector increased by 0.19% on December 25, with Jingji Zhino leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] - Key stocks in the aquaculture sector showed varied performance, with Jingji Zhino rising by 4.65% to a closing price of 14.86 [1] Group 2 - Major stocks that declined included Luoniushan, which fell by 3.65% to a closing price of 9.78, and Mu Yuan Shares, which decreased by 0.35% to 47.95 [2] - The aquaculture sector experienced a net outflow of 46.32 million yuan from institutional investors, while retail investors saw a net inflow of 206 million yuan [2][3] - The stock with the highest net inflow from retail investors was Wen's Shares, with an inflow of 10.37 million yuan [3]

（来源：中国组织人事报） 转自：中国组织人事报 五年，一片梯田完成五次从青翠到金黄的轮回。在云南省红河州元阳县热水塘村，今年的水稻已收割归 仓。层层的梯田里蓄满了水，鱼影穿梭，白鸭成行——这幅哈尼人描摹了1300多年的农耕长卷，如今正 焕发出前所未有的生机。 2020年，元阳整县脱贫出列，热水塘村也依靠规模化种植土豆、玉米、香蕉等作物，输送青壮年外出务 工摘掉了穷帽子。 脱了贫摘了帽，如何进一步拓宽增收渠道，成为村党总支书记兰家兴心头最紧要的事。"光靠传统种 植，产值上不去。年轻人外出务工，要是连祖辈传下来的水田都荒了，脱贫成果怎么守得住？"看着冷 清的村寨和撂荒的梯田，兰家兴深感肩头担子不轻。 "守成"不是办法，"兴业"才是出路。要让脱贫成果稳得住、让乡村振兴有奔头，就需要把分散的农户重 新组织起来，健全紧密的联农带农机制。经过深入调研，红河州委制定出台《红河州农村基层党组织领 办合作社（公司）实施意见（试行）》，通过党组织领办合作社，发展特色产业，为乡村振兴注入源头 活水。 政策如一场"及时雨"，很快传到了哈尼村寨的火塘边。热水塘村村民们围坐在一起，党员干部把文件里 的政策掰开揉碎讲给大家："党组织领办合 ...

太平洋证券指出，养猪行业产能去化动力持续增强，去化速度或加快。截至10月末，全国能繁母猪存栏 3990万头，较上月末少45万头。行业连续12周处于中度亏损状态，主产区自繁自养头均亏损163元。动 保板块景气回升，主要抗生素价格保持高位。白鸡行业祖代存栏处历史高位，预计明年下半年商品代供 给减少将带动鸡价反弹。黄鸡产能处历史低位，叠加消费旺季支撑，鸡价或保持高位。粮价中期有望上 涨，利好种子行业。 农牧渔ETF（159275）及其联接基金（联接A：013471，联接C：013472）被动跟踪农牧渔指数，该指 数前十大权重股分别为牧原股份、温氏股份、海大集团、新希望、梅花生物、大北农、生物股份、北大 荒、海南橡胶、圣农发展。 数据来源于沪深交易所、公开资料等。 12月19日，截至14时18分，农牧渔ETF（159275）盘中表现稳健，场内价格现涨1.0%，成交额为813.48 万元，基金最新规模为1.78亿元。 成份股方面，神农种业、亚盛集团和罗牛山表现最为突出，涨幅分别达到10.81%、9.0%和6.56%。另一 方面，华资实业、海大集团和梅花生物表现较弱，跌幅分别为3.8%、0.24%和0.1%。 消息面上， ...

Group 1: Livestock Industry - The pig industry is currently in a phase of deep losses, with supply contraction expected to continue into the first half of 2026, leading to a significant reduction in production capacity. The average pig price for 2025 is projected to be below the cost line, with quarterly estimates of 15.5 CNY/kg, 13.5 CNY/kg, 16.4 CNY/kg, and 17.7 CNY/kg, resulting in an annual average of approximately 13.4 CNY/kg [11][25][26] - The white chicken market is experiencing a cautious outlook, with a projected supply growth of less than 5% for 2026. The decline in the sales of commodity broiler chicks indicates a more conservative price expectation within the industry [30][35] - The yellow chicken sector remains stable, with production capacity not significantly affected. The prices are expected to follow trends in other protein sources, with a focus on seasonal price increases [39] - The beef market is anticipated to see a price increase due to a clear reduction in both domestic and international supply. The wholesale price of beef has been rising, reaching 66.21 CNY/kg in December, reflecting a year-on-year increase of 9.1% [42][70] Group 2: Agricultural Inputs and Other Sectors - The feed industry is showing signs of recovery, with a 6.6% year-on-year increase in feed production for the first three quarters of 2025, indicating improved demand from the livestock sector [71][76] - The edible mushroom sector is witnessing a rebound, particularly with the reversal of the predicament faced by enoki mushrooms and the potential growth of new products like Cordyceps [3][80] - The pet industry continues to thrive, with a notable trend towards high-end domestic products, as evidenced by the performance of brands like Guibao Pet and Zhongchong Co. [4][63] - The natural sweetener market is expected to grow as consumer awareness of sugar reduction increases, with companies like Bailong Chuangyuan and Baolingbao positioned to benefit from this trend [4][71]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000048 | 京基督衣 | 14.20 | 4.49% | 18.81万 | 2.63亿 | | 300313 | *ST天山 | 8.35 | 1.46% | 2.60万 | 2157.61万 | | 001201 | 东瑞股份 | 14.49 | 0.28% | 2.08万 | 3005.44万 | | 603717 | 天域生物 | 7.69 | 0.26% | 6.43万 ﻛ | 4918.25万 | | 002321 | 华英农业 | 2.40 | 0.00% | 26.81万 | 6432.89万 | | 600975 | 新五丰 | 5.84 | 0.00% | 9.52万 | 5545.14万 | | 002982 | 湘佳股份 | 13.92 | -0.07% | 1.82万 | 2522.72万 | | 603477 | 巨星农牧 | 16.94 | -0.18% | 5.63万 | 9495.49万 | | 000876 ...

按照《意见稿》的设计，取得"新型职业农民"职称人员，还将获得一些优待，比如基层服务组织在农村招聘相关人员时，可 享同等条件下优先受聘；优先与相关单位签订有偿技术承包、指导、培训和推广合同；优先享受新技术培训；优先承接新品种、 新产品、新模式的试验示范等。 作为农业大省，我省如何为农村地区培育一批有文化、懂技术、善经营、会管理的专业人才？开展新型职业农民职称评定， 为此提供了新思路。《意见稿》中，我省将新型职业农民的范围划定为：户籍住址在我省乡镇（涉农街道）以下，在我省农业农 村一线，具有一定种植、养殖、农村社会服务等农业技术技能，能够起到示范和带头作用，以农业生产经营或服务作为主要经济 来源的现代农业农村从业者。 "随着农村人口、产业结构等变化，生产方式也向集中化、集约化转变，开展新型职业农民职称评定，有利于提高农业生产者 的职业归属感，稳定农业生产人才队伍。"省农业农村厅相关人士表示，乡村全面振兴离不开人才振兴，近年来辽宁陆续开展高素 质农民培训、乡村振兴带头人"头雁"培育项目，而新型职业农民职称评定也是促进乡村人才振兴的重要举措之一。 我省新型职业农民职称拟设置四个级别，即初级、中级、副高级和正高级，评审 ...